Red Willow County, Nebraska Housing Market Prices
Red Willow County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 2% below the Nebraska median More expensive than 76% of counties in Nebraska$172,628
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Median rent 24% below the Nebraska median$819
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Red Willow County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $172,628 | $175,282 | $248,835 |
| Price Trend (Annual %) | 35.7% | 7.7% | 7.5% |
| Median Gross Rent | $819 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Red Willow County is about 2% lower than in Nebraska. Rent is about 24% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Red Willow County, up about 35.7% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Red Willow County rose about 48.5% between 2015 and 2024, from $551 to $819. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Red Willow County.
Buying the median-priced home in Red Willow County costs roughly 17.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Red Willow County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Red Willow County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $172,628 | $175,282 | $248,835 |
| Median Household Income | $64,898 | $76,615 | $80,455 |
| Price-to-Income Ratio | 2.7 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Red Willow County rose about 344.2%, while median household income rose about 45.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Red Willow County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.9% | 61.5% | 58.5% |
| Rental Rate | 23.6% | 30.9% | 31.2% |
| Vacancy Rate | 12.5% | 7.6% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Red Willow County has a homeownership rate of 63.9%, higher than the Nebraska average of 61.5%. Its housing vacancy rate is 12.5%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Red Willow County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1956 | 1974 | 1978 |
| Median Number of Rooms | 6.1 | 6.1 | 5.5 |
The typical housing unit in Red Willow County was built around 1956. On average, 2.3 people live in a home with about 6.1 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Red Willow County, Nebraska.
What is the median home price in Red Willow County, Nebraska?
The median home price in Red Willow County, Nebraska is $172,628, lower than the Nebraska average of $175,282.
What is the average home price in Red Willow County, Nebraska?
The typical home price in Red Willow County, Nebraska, reported as the median sale price, is $172,628. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Red Willow County, Nebraska?
The median gross rent in Red Willow County, Nebraska is $819 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Red Willow County in 2020?
In 2020, the median gross rent in Red Willow County, Nebraska was $650 per month.
What is the price-to-rent ratio in Red Willow County, Nebraska?
The price-to-rent ratio in Red Willow County, Nebraska is about 17.6, meaning it would take roughly 17.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Red Willow County.
Are home prices or rent rising faster in Red Willow County, Nebraska?
Both home prices and rent are rising in Red Willow County, up about 35.7% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Red Willow County, Nebraska?
63.9% of households in Red Willow County, Nebraska own their home, higher than the Nebraska average of 61.5%.
What is the vacancy rate in Red Willow County, Nebraska?
The housing vacancy rate in Red Willow County, Nebraska is 12.5%, higher than the Nebraska average of 7.6%.
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